Assignment
Question 1
Go to the CIA's World Factbook website. For the United States, Switzerland, Sweden, and Hong Kong go to their Economy pages and report each country's "GDP composition by end use" for the components of GDP. Discuss in your view which country's economic system has an advantage over the others.
Question 2
Go to the CIA's World Factbook website.
Choose one country, and then identify its biggest trading partner. Answer the following questions.
a. What country did you choose, and what country appears to be its largest trading partner?
b. Compare the major export commodities of the two trading partners. For each country, only include as exports or imports items that the country exclusively exports or imports. Do not list commodities that show up as both exports and imports.
c. Compare the import commodities of the two trading partners. For each country, only include as exports or imports items that the country exclusively exports or imports. Do not list commodities that show up as both exports and imports.
d. Discuss the information in the context of the theory of comparative advantage.